Best Low Float Penny Stocks on the Radar This Week

low float penny stocks

In the current coronavirus-driven market turmoil, low float penny stocks can present a huge opportunity for those investors not afraid of risk to earn significant returns out of the current volatility. Low float penny stocks have fewer publicly available shares that trade under $5. Such stocks are susceptible to market volatility, and any slight movement can result in significant price changes. Amid the current volatility, many low float penny stocks are shining.

Here are five low float penny stocks showing potential:

Best Low Float Penny Stocks This Week: Mid-Con Energy Partners LP (NASDAQ:MCEP)

low float penny stocks

Mid-Con Energy Partners is a limited partnership based in Delaware that deals in the acquisition and development of natural gas and oil-producing properties across North America. The company’s core areas are in Wyoming and Oklahoma. Mid-Con Energy has 4.85 million total shares outstanding, and its stock float is 1.08 million.

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Recently, the company released its Q4 and FY 2019 results in which it indicated that it acquired considerable mature waterflood assets in Oklahoma. The company also indicated that it successfully attained water injection at its Pine Tree Shannon Unit in Wyoming. The company reported a $0.6 million net loss in 2019 compared to a $18.3 million loss reported in 2018. In Q4, Mid-Con reported revenue of $9.806 million, while full-year revenue was $5.501 million.

Best Low Float Penny Stocks This Week: Wah Fu Education Group Ltd (NASDAQ:WAFU)

Beijing-based Wah Fu Education offers online training and exam materials, as well as other related technology solutions to training institutions, universities, and students. The company has 4.38 million total shares outstanding, with a 1.18 million stock float.

The company recently released financial results for the first half of FY 2020. Wah Fu Education indicated that its YoY revenue dropped 13.7% to $2.50 million in the first half of FY 2020 that ended on September 30 last year from $2.9 million the previous year. The company reported a net loss of $1.18 million or $0.29 per share compared to $0.22 million and earnings of $0.05 per share the previous year.

Best Low Float Penny Stocks This Week: Bonso Electronics International Inc. (NASDAQ:BNSO)

low float penny stocks

Bonso Electronics is a company that designs, develops, assembles, manufactures, and commercializes various electronic scales and weighing equipment, as well as pet electronic products. The company manufactures its products in China for customers in Europe and North America. The company has 4.63 million total shares outstanding, and its stock float is 1.20 million.

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In its recent results for the first half of the fiscal year that ended September 30, 2019, the company reported a net loss of $0.59 million or $0.13 per share compared to the same period a year ago when its net loss was $0.09 million or $0.02 per share. Its net revenue for the period dropped 21.7% to around $4.4 million from around $5.6 million in the first half that ended September 30, 2018. The decline in net revenue was due to a drop in revenue from electronic pet products and scales, as well as a decrease in rental income.

Best Low Float Penny Stocks This Week: Eltek Ltd (NASDAQ:ELTK)

Eltek manufactures and supplies technologically advanced printed circuit board solutions. Its total shares outstanding are 4.38 million, with a 1.29 million stock float.

Recently, the company released its Q4 and FY 2019 results in which its 2019 revenue was $34.8 million relative to $33.9 million reported the previous year. The company posted a net profit of around $1.8 million, unlike the net loss of $2.6 million it reported in 2018. In Q4, revenue was $8.6 million, and net profit was around $0.37 million.

Best Low Float Penny Stocks This Week: Euro Tech Holdings Company Ltd (NASDAQ:CLWT)

low float penny stocks

Euro Tech Holdings has 3.09 million shares outstanding, with a share float of around 1.37 million. The company indicated on March 9, 2020, that its Board had sanctioned a dividend of around $0.42 per ordinary share, with the cash payable by March 30, 2020, to shareholders who were on record as of March 20, 2020. According to the company, this special dividend was a result of profits of around $1.45 million from the disposal of a Hong Kong property.

Bottom Line

Low float penny stocks are very risky investments, owing to their susceptibility to market volatility. But for risk-hungry investors and day traders, they present a massive potential opportunity to make some buck. As always, ensure you do your own research before making any investment decisions.

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